All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Citigroup to lay off 1,000 employees as part of restructuring – report
This development is part of a previously announced initiative aimed at cutting around 20,000 jobs by the end of this year.
Crédit Agricole gets ECB clearance to raise Banco BPM stake above 20%
Plans are on for the derivatives to be settled physically, which will bring Crédit Agricole’s total stake in Banco BPM to 20.1%.
Kotak, Federal Bank lead bids for Deutsche Bank’s India retail portfolio – report
The assets on offer are understood to have a book size of at least $2.5bn.
Italian PM open to remaining Monte dei Paschi stake sale – report
Italy reduced its MPS holding from 68%, which acquired during the 2017 rescue, to 4.9%.
Santander completes stake sale in Polish unit to Austria’s Erste
The Austrian lender intends to rebrand Santander Bank Polska as Erste Bank Polska during the second quarter of 2026.
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Hang Seng Bank shareholders greenlight buyout plan by HSBC
The proposal, announced in October 2025, places an overall value on Hang Seng Bank of approximately HK$106.1bn (then $13.63bn).
Volante introduces low-code tool for managing bank payment workflows
The company said the tool sits within Volante’s cloud-native Payments Platform and provides pre-built functions.
Zilch to acquire Lithuania’s Fjord Bank for expansion in Europe
With this deal, Zilch will obtain a European banking licence, allowing it to broaden its reach within the European market.
Bunq submits application for US banking licence
According to Bunq, prospective users in the US will have the option to open both US and European checking accounts if eligible.
Iute Group to enter Ukraine with bridge bank banking licence
The acquisition will be financed using existing liquidity within Iute Group.